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20130129
20130206
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Search Results 0 to 16 of about 17 (some duplicates have been removed)
debt ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to do as far as the personal income tax rate to stimulate growth especially sub chapter "s" corporations. what week do with dividend situation. people were concerned about the dividend tax rate. we need to look at regulatory policy. already we have seen 5700 pages of new regulations from the federal government. that is going effect this economy. we need the effective monetary policy also. >> those are the correct solutions. those are good ideas. we have real leadership where people are willing to rise above and sit down and see what works and what doesn't work. that is not what we have. instead we ha
, go ahead, we have breaking news. rich: the senate has voted to raise the debt ceiling through may 18. this also has a provision that says in the senate doesn't pass a budget, the senators don't get paid, house lawmakers don't get paid after april 15. they don't get paid until the end of congress and are made whole at the end of the congress in 2014. the bill goes to the president's desk raising the debt ceiling so treasury can extend that sometime to july or august. david: a quick question in terms of defense, we will be talking about how defense cutbacks are hurting individual jobs in individual sectors and does this affect defense spending directly? >> this moves the debt ceiling fight the back. now march 1, automatic spending cuts and defense and other programs begin to hit and government spending on march 27. next up, defense spending will be a topic of conversation in d.c. and congress. david: rich edson, thank you from d.c. liz: the chief strategist in the pits of the cme. right now i would love to sit here and talk about the trading action for today. the last day of january, i
an extension of the debt ceiling, raised the debt ceiling for the future. and i didn't vote for that. there were no cuts included in that bill. the only cut that we have ever come up with is this 1.2 trillion, because the committee, the special select committee couldn't come up with a spending reductions, were now going to have as part as sequestration. i don't really believe in across the board cuts. i think that's irresponsible. but in the absence of cutting spending someplace to replace those 1.2 -- >> got to take it where you get it. >> it's not the only way we're going to get it. >> it's never a good time to cut spending. it's one of the things i've learned. i guess i saw it years ago when i worked down there. but reporting on this thing night after night, one of the things i learned, senator moran, is it's never a good time to cut spending. so march 1st is an interesting deadline. >> i'm not voting to set the sequester aside unless we cut the 1.2 trillion someplace else. >> good luck on that. senator jerry moran of kansas, thank you very much, sir. we appreciate it. >> thank yo
something on sequester or the sky will fall. we have to do something on the debt ceiling or the sky will fall. we have to do something on the continuing resolution or government will shut down and the sky will fall. where do you draw the line? we have a $16 trillion debt in this country. we've got to take a stand. >> howard dean, let me go to you on this because actually you're a tight fisted guy. if i understand it, you want the sequester to go nthrough. $85 billion this year. a little less than 2.5% of the $3.8 trillion budget. if you take out entitlements, then it becomes about a 6%, 7% or 8% cut. what's wrong with that? we're in trouble. doct why can't we do it? >> the sky will fall if you don't deal with the debt ceiling. but i think unfortunately, this is the price that we pay in the fiscal cliff deal. the democrats paid. i said at the time that i thought it was a short term victory for the democrats, but a long term victory for the republicans because we gave away our leverage on tax increases. so, sure, i have no objection to giving away the carried interest on some of the p
fought the president on the debt ceiling. he called the obama administration the imperial presidency. he stepped out today to show there are no rough edges in this republican party. let's listen to cantor today. >> we'll advance proposals aimed at producing results in areas like education, health care, innovation, and job growth. our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in family, and accountability in government. our goal is to ensure that every american has a fair shot to earn success and achieve their dreams. >> what a cover-up. your party ought to be ashamed of itself. you spent months in every state legislative capital trying to keep black people and poor people from voting or young people. now you're out pretending that you care about opportunity in america. it's an absurdity eric cantor -- >> the speech by eric cantor was a very good speech. >> if it wasn't given by him maybe. >> eric cantor is a good guy. he's got a family. he cares about this country. he's a patriot. he cares about making government work better,
to bring you back for this. quick thought about this, can we get rid of the debt ceiling? >> iveng what we're seeing is some of the political brinksman ship around the debt ceiling may be a thing of the past. the renls certainly got hurt politically trying to use that tool as leverage. 6/hopefully it's an indication that that particular kind of brinksman ship is behind us. >> we'll see. i never put it beyond politicians. when the story changes, they'll change. julie, now win promise you can have your coffee break or tea break. try tea, it's very nice. english breakfast. very good thing to have first thing in the morning. we'll come back to you, jules, julia. >>> in the united states, in addition to the jobs report, there are some other pieces of the economic data. the final look at january consumer sentiment is out at 9:55 a.m. eastern. on the corporate front, exxon mobil, chevron, merck, tyson foods all report earnings before the bell. january sales are also out. they're expected to be seen at the strong rate compared to last year. this is all thanks to pent up demand as well as the impro
managers are telling washington right now. let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as
the debt ceiling in may. president obama will sign the measure so the government can keep borrowing and paying the bills for a few more months. >>> gas prices rising more than usual this year. trip 8a reported $3.42. and in january, $3.32, second only to last year's january average! >> the party is on hold. and the feds say they're opposed to the marriage of the world's two biggest beer companies. on one side, anhauser busch. and the makers of an still. they have plan to buy popular mexican beers, including the top selling import, corona. but they filed a lawsuit, arguing that merger would give just one firm control of half of the u.s. beer market, and the competition could drive up prices wherever they buy the stuff. aanhauser busch will fight it in court. >>> facebook users can send a gift card to their friends by mail, but you continue use the facebook card to have purchase anything on the website itself. rather, it's meant for other places like target. it's available on the online gift store, which hasn't made any money. >>> a courtroom with three people inside, the man, his mo
at this hour. >>> crisis averted, the house passed a bill in a suspended the debt ceiling in may. president obama will sign the measure so the government can keep borrowing and paying the bills for a few more months. >>> gas prices rising more than usual this year. trip 8a reported $3.42. and in january, $3.32, second only to last year's january average! >> the party is on hold. and the feds say they're opposed to the marriage of the world's two biggest beer companies. on one side, anhauser busch. and the makers of an still. they have plan to buy popular mexican beers, including the top selling import, corona. but they filed a lawsuit, arguing that merger would give just one firm control of half of the u.s. beer market, and the competition could drive up prices wherever they buy the stuff. aanhauser busch will fight it in court. >>> facebook users can send a gift card to their friends by mail, but you continue use the facebook card to have purchase anything on the website itself. rather, it's meant for other places like target. it's available on the online gift store, which hasn't made any
-being. the debt ceiling has been pushed off till may. now we're in the cadence of the budget that will come forward and immigration reform is the signature item of the president, of the business community and both parties. so there is a realp opportunity to do this. david: let me just ask about one specific thing. a lot of people are on board with regard to immigrants who can add to the economy. we just had an immigrant from india on earlier who came here, got an education, at mit. and went on to start a company that makes a billion dollars and employs a thousand people that kind of immigrant is the nation that is okay with. it is the immigrants to suck off the government, to take more than they give that they're against. do you think everybody is on board with that idea? >> i think there is a lot of misinformation. i don't agree with that characterization. people have to tendency to talk about the founder, the stanford grad or mit grad that knows computer science and pounds a company and that's great. that is the h-1b high-skilled worker. equally important is the 11 million undocumented. s
how quiet things have become about what a huge story we had a month ago? what fiscal cliff? what debt ceiling? it looks like someone in washington is doing a big messaging switcheroo. they don't want us talking about how badly they have mismanaged our nation's finances. instead, let's get people talking about something that is also important, freedom, freedom to bear arms, freedom for people to travel to and from our country. well, the president can pretend he is a big skeet shooter, but it is insulting to think you will notice your paycheck has shrunk as a first of the year. melissa: and be sure to watch the tom sullivan show this weekend at seven and 10:00 p.m. on saturday and on sunday at 7:00 a.m. and 7:00 p.m. eastern. what do you think of the market? 14,000, up next week, the dow? >> we are rich. okay. i think it will bring people into the market. probably good. chase the market up as the money comes in. melissa: absolutely. all right. have a great weekend everybody. we'll see you back here monday. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" it'
merit. president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally interrupted with a major averages suffering their worst one-day loss in a year on monday's trading. the last hour we spoke to goldman's jim o'neil about the prospects of making money in this market. >> i think to sell if you're a medium term player is probably not a smart move. but if you've made all the gains, to take some off the table isn't a crazy idea either. >> joining us now is nouriel roubini, chairman and co-founder of roubini global economics. you're not like a market master, maybe like a market jedi. plus andrew still here from fortune magazine. the one and only. we haven't seen you in a lon
important that house republicans made the move for a short-term compromise on the debt ceiling. that's good news for markets because it shows politicians are not going to play chicken with the one thing that could really make a difference to the u.s. economy. it does suggest, though, that both the sequester and the continuing resolution might be places where opposition republicans take the opportunity to try to extract some containment trt white house. >> and what's your -- as you've priced that in, what do you expect, actually, the to be the outcome as we head into march towards the end of the month? is there more fiscal drag related tr these talks? >> we still see economic up sides for the u.s. citi economists have improved their growth forecast overall, but this isn't helping and it's not necessarily helping business confidence. what we think markets may not be prepared for is the fact that ee quest ragz is now likely to kick in. these are comments from both parties suggested that they be willing to allow this to happen. it may be the lesser of the evils. >> what are we talking about wit
had earmarked for the equity market. we have avoided the fiscal cliff posted on the debt ceiling. earnings are decent, decent economic indicators here and outside the u.s. on balance is good, not everyone of them. we have central bankers all over the world, but begging for reflation putting money in the system and a lot of cash getting zero return and those things i think are the reason the stock is likely to continue going. connell: that is the last one i want to pick up on because reading your most recent numbers is lack of tolerance for the cash balances giving a zero return, so people do look and say i can't get a return for a decent yield on anything, so i would rather be in stocks than any kind of fixed income class. if any of that changing in the future, and if so at what point? interest rates have to go up some point, don't they? >> i think they will continue to creep higher, but they can't go a lot higher because the economy would then weekend. so i think as we globalize and the rate race will continue hig, but a lot of cash out there saying when things were volatile in
that we were holding back growth, if we got past the fiscal cliff and solved the debt ceiling which we did we would unleash all of this economic activity in the first quarter. it happened already. it happened in the third quarter. happened in the fourth quarter. and we know now that gdp for all of 2012 as it stands now, 1.5%, not very good. we didn't help anything back to have a burst of activity coming forward which is why i think economists still project the first quarter another sub par quarter around 1.5. >> you're saying the phenomenon they're talking about as uncertainty was more of a tax issue only pulling the money forward to pay the lower tax rate. second issue, ghost busters. no. second issue is rotation. this is the number one topic. and what says jim bianco on the rotation conventional wisdom? >> you just hinted it. it was all about taxes in late december. everybody pulls forward. bonuses, distributions, 401(k), whatever, paid in late december. yes a lot of money went into stocks. more money went into bonds. even more money went into money market funds. everybody got money in j
Search Results 0 to 16 of about 17 (some duplicates have been removed)